Statement of Cash Flows
Not what you're looking for?
(Cash Provided by Operating, Investing, and Financing Activities)
The balance sheet data of Brown Company at the end of 2007 and 2006 follow.
2007 2006
Cash $30,000 $35,000
Accounts receivable (net) 55,000 45,000
Merchandise inventory 65,000 45,000
Prepaid expenses 15,000 25,000
Equipment 90,000 75,000
Accumulated depreciation-equipment (18,000) (8,000)
Land 70,000 40,000
$307,000 $257,000
Accounts payable $65,000 $52,000
Accrued expenses 15,000 18,000
Notes payable-bank, long term -0- 23,000
Bonds payable 30,000 -0-
Common stock, $10 par 189,000 159,000
Retained Earnings 8,000 5,000
$307,000 $257,000
Land was acquired for $30,000 in exchange for common stock, par $30,000, during the year; all equipment purchased was for cash. Equipment costing $10,000 was sold for $3,000; book value of the equipment was $6,000. Cash dividends of $10,000 were declared and paid during the year.
Instructions
Compute net cash provided or used (Enter negative number in parenthesis for cash used, for example (20,000).) by:
(a) operating activities. $
(b) investing activities. $
(c) financing activities. $
Purchase this Solution
Solution Summary
The solution explains how to calculate cash flows from operating, investing and financing activities
Purchase this Solution
Free BrainMass Quizzes
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Introduction to Finance
This quiz test introductory finance topics.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.